Billing Executive - Healthcare 11F25

The role of a Billing Executive in the healthcare sector is integral to the financial operations of any medical facility, clinic, or hospital. This position involves managing complex billing systems, ensuring accurate and timely billing of healthcare services, and handling queries related to patient accounts and insurance claims. A Billing Executive collaborates with various departments to maintain accuracy and compliance with healthcare regulations and organizational policies. This position is ideal for someone with excellent analytical skills, strong attention to detail, and the ability to work under pressure to meet tight deadlines. In this role, one must communicate effectively with healthcare providers, insurance companies, and patients to resolve billing discrepancies and optimize the revenue cycle.

Responsibilities

• Process and manage patient billing information to ensure accuracy and compliance with regulations.
• Coordinate with healthcare providers to verify billing codes and insurance information.
• Communicate with insurance companies to resolve payment discrepancies and claim denials.
• Utilize billing software to create, submit, and track healthcare invoices effectively.
• Conduct regular audits of billing records to identify errors and implement corrective actions.
• Maintain organized and detailed records of all billing transactions and reports.
• Provide excellent customer service to patients regarding billing inquiries and payment plans.
• Work closely with healthcare staff to educate and ensure understanding of billing procedures.
• Stay updated with the latest healthcare billing regulations and insurance policies.
• Prepare and present financial reports related to billing activities to management.
• Assist in the development and implementation of new billing procedures and policies.
• Train and mentor junior billing staff to improve team proficiency and efficiency.

Requirements

• Bachelor's degree in healthcare administration, finance, or a related field.
• At least 2 years of experience in healthcare billing or medical coding.
• Proficient knowledge of medical billing software and electronic health records systems.
• Strong understanding of healthcare billing regulations and insurance guidelines.
• Excellent analytical skills to interpret and manage billing data accurately.
• Effective communication skills to interact with patients and healthcare professionals.
• Ability to handle high-pressure situations and work to tight deadlines efficiently.